The thing with all these predictions is that they are opinions, nothing more. The more people we have in this space, the more predictions there will be because every person has an opinion on what the price will do.

I think the best thing is to filter through these predictions once, then just follow those who make sense and have skin in the game. Don't pay attention to people who are obviously whoring for publicity by riding on Bitcoin's popularity.

I'm sure that things will get worse after the next mania, because we'll dig deeper in mainstream adoption than ever before. The deeper you dig the more average the people become.

I feel ya. Seeing legitimate businesses comply with the regulations is something we have to accept because it's not going to change for the better at all, only for the worse unfortunately.

The times where you could use exchange platforms semi anonymous are over. BTC-E was my favorite exchange for that reason. It was a safe haven for non KYC/AML users until the authorities took them down. Bastards.

The 'good' thing however is that we'll see less shitty exchanges with how they won't be able to offer actual fiat trading. In order to enter this market it has to happen through a compliant exchange.

I'm not going to cheer yet because the demand for these instruments might not be there at all. It's great that the CFTC approved two proposals in a row, but what's it all worth when the volumes just aren't there?

Most of the institutions interested in Bitcoin trade at CME already, so it's going to be a difficult task to beat that. If something isn't exponentially better over what's available already, people don't tend to change to that.

I'll happily admit being wrong when the volumes indicate a high level of demand, but first it needs to happen. People here tend to jump on the hype bandwagon too quickly not realizing that it may turn out to be a flop.

There is no such a thing as reading the manipulator's mind because there next to no manipulation. What people here consider manipulation is just Bitcoin going through a 30-40% correction.

Some times these corrections take a few days to play out, and some times it can take weeks or months. It all comes down to how active the market is. This is what Bitcoin has been doing for years now. People shouldn't be so sensitive.

The current correction from $14k to below $10k played out fast because we had fast upwards movements prior it. Anyone heard about the saying what goes up hard comes down hard?

You want an example of something that could be seen as an actual attempt to manipulate the market? It's Bakkt saying they will launch at a certain specific date while they know it's not going to happen, then announce they will delay their launch.

This old post is hilarious considering that we are still going through the same cycles where fear and greed rule the market-- the only difference is the price. I hope people will understand that.

Most of us aren't as much of an early bird as these people were, but looking back at the price of $800 in 2017 and now $11k, that's pretty damn early too. You're only too late by the time we're hovering over $100-$200k.

Sell during a new wave of HYIP? Do you ever read what you write before hitting post?

That. Bitcoin is nothing but an opportunity to market themselves because it's the hottest asset class in the world as we speak. They just go with the flow of the price and adjust their opinion to match the sentiment.

If they really believed anything of what they said, they would long Bitcoin the moment they write about how they believe we're due for $100k, and short it whenever they believed much lower levels are due.

Every site or individual being a self proclaimed expert being involved in crypto as a whole, experiences a massive increase in followers. This is what they are after. They don't really care about Bitcoin at all. Popularity it is.

They don't realize how flawed the market cap metric in crypto is. The ratio between the market cap of a coin and the actual amount of money within its ecosystem is incredibly poor-- worse than penny stocks in some cases.

It will come down to how much use crypto enjoys, and what that use actually is. If we're stuck in speculation mode even when we do exceed the $1 trillion total crypto market cap, it will not form a threat to any government.

People need to see the value of crypto as disruptive currencies, not as gambling tools allowing them to potentially make big gains. I'm sure we are still many many years away from being at that point.

I remember when I thought that accumulating between $300 and $500 back in 2015 was enough.  

I however don't blame myself for thinking like that back then, mainly because of how poor the fundamentals were. There wasn't much other than people thinking Bitcoin will do well, while today that's completely different.

Today is happening what back in 2015 people could only dream about. Keep accumulating whenever you can, even if it's just $10-$50 per week/month. Dollar cost averaging is a great way to buy into Bitcoin as non technical person.

Today we look at $600 thinking it's low, but the same will happen to current levels when we're 5 or so years away from now. It will suck thinking back about how much you could have had by now if you bought the current dip.

People don't change.

Price at $13k = oh I wish I bought at $10k.
Price at $10k = I think we have more room to the down side.
Price at $8k = experts are right, we're going back to $3k.

People have always been riding the sentiment where they buy whatever it is that goes up and dump or don't touch whatever it is that goes down. It has been like this in the stock market for decades.

The mass is such a great counter indicator that it pays off trading against them. If they just held their coins instead of speculating with them they would do well, but even that is too difficult for them. It's just retarded.

The funny (or sad) part is that most of what criminals use Bitcoin for is put against the all time high so that it looks worse than it actually is. This is a form of statistical manipulation that is not uncommon for news outlets.

Nothing in the world will ever come close to the illegal activities that are financed with fiat. News outlets can twist numbers in whatever way they want, it's futile to even remotely come close to fiat in that field.

I'm glad that nobody really cares about this anymore. Back in the days it might have shocked people, but that's no longer the case. I see more people actually counter these articles by pointing out how bad fiat is when it comes to criminal use.

It's risky, better avoid investing in it, especially not more than you can afford to lose, bla bla. The central bank here said the same thing where after that highly respected legacy economists echoed the same thing.

It's quite interesting to see how after all the years they haven't changed one bit. Long term speaking the price has always gone up by orders of magnitude, but this is too bullish for Bitcoin so they leave that out.

All they want you to know is how Bitcoin went from $20k to $3k, because that empowers their anti Bitcoin narrative, or that Bitcoin can become worthless overnight. It has become too predictable. So much that people no longer care.

I'm not sure yet if I like the new look or not, but I'm so used to the old look that I prefer to keep using that one. It took me a long time to know every button location and what it's meant for, and I'm not going to relearn everything again.

I still use the blockchain.com explorer for the same reason too. It's so familiar that it's difficult to motivate myself to completely switch to a different explorer. If something works, don't break it. In this case, don't switch.

The complete picture obviously matters, but cheap electricity grants you an edge over the miners that don't have cheap electricity and therefore need to stop mining the moment it has become unprofitable.

This is about Bitcoin miners. There aren't all that many altcoins with the same algorithm you can use SHA256 ASICS for. The alternative is Bcash or BSV. The few other SHA256 coins are almost worthless and not worth mining.

As for altcoins being more profitable to mine, I don't think so. Try to build an altcoin mining rig and mine Ethereum, Litecoin or Dash, I wish you good luck with that. Mining as a whole has exploded in the last years. It's no longer a niche.

It surely does matter, but people however don't think it does because they are busy being upset about how they bought the top and 'lose' money now the price goes down. It blinds them in such a way that they are losing out unnecessarily.

Buying at the top and seeing the price tank afterwards is something I would see as an opportunity. It allows me to lower my average buying price by buying the dip so that I reach my break-even point much sooner.

In my opinion the market as a whole is still bullish, but people need to understand that corrections and consolidation phases are common in every market. What did people think, that the price would reach $20k next week?

I think most of these comparisons are done by crypto influencers on YouTube so that they have content for their videos, and people as easy as they are to be convinced of something swallow it without resistance.

Charts, regardless of the asset, contain similarities throughout the whole time of their existence. It so easy to find a similar time frame and chart patterns that you can make a chart look as bullish or bearish as you want.

In hindsight you're either right or wrong. If you're wrong I'm sure we won't be hearing about it from you, but when you're right you'll make sure people know that you were right, and that while it was just a lucky shot.

That only applies to distributed ledgers such as Bitcoin and Ethereum. Most projects we see nowadays don't aim to be decentralized, but offer scalability and extremely fast settling transactions.

People need to understand that you don't need an inconvenient and very expensive immutable ledger for every application. At one point they will also understand that they don't need a blockchain at all.

Databases are more efficient and allow for more scalability. Another thing is that it can be semi tamper proof by having a log-system in place. Not as secure as Bitcoin of course, but secure enough to do the job.

I think credit cards give people peace of mind in the way that they know there is money available to them at any time of the day. I know someone who uses his credit card just for that reason.

It has gotten more difficult for the average person to make ends meet with how the income hasn't seen an increase in the last couple of years, and that while due to inflation there is like 2% less purchasing power every year.

I also know that certain people tend to use their credit cards just to buy cool things such as a new smartphone. They can't afford one directly but buy one on credit hoping to pay it all back before the 12 month period.

I personally have never used a credit card. My current debit card has an option to unlock credit card features, but that's something I will not touch. I am against spending money I don't have.

Coins with or without fundamentals, it doesn't really matter for rookies, especially if their unit bias makes them avoid Bitcoin to invest in a basket of low value shitcoins, which a lot people still do to this day. Greed and ignorance will always be present.

Traders don't care about the coin they trade either as long as there is some degree of liquidity to have their positions filled relatively quickly. All they basically need is a chart and volatility, what coin in crypto doesn't have that?

I think we're still at least a few years away from investors actually paying attention to the fundamentals, but then again, fundamentals are very subjective. What you consider good fundamentals might be poor fundamentals to me.

The range is getting tighter and tighter, and with that said, we wicked below $10.9k for a moment today. I personally think the range between $10-$10.3k holds more importance, but we're not there yet (for now).

The thing with testing the same support levels is that they tend to get weaker after every touch, just like the spikes up do by forming lower highs. There is however nothing to be afraid of. People wanted a correction, so here it is.

People just need to accept that the price going down as hard as it went up is normal for Bitcoin. Stop being so shortsighted and learn how to benefit from shorts if you worry so much about short term fluctuations.

It's not as bad as it looks. Arthur Hayes (CEO of BitMEX) once said that the average leverage use throughout his platform hovers around 8x. That means $500 million/8 = $62.5 million worth of actual Bitcoin shorts.

I would say that with how volatile the price has been lately that people tend to use even lower leverage counts, so it could very likely be less than $62.5 million. It's hard to say when the only volume reported is leveraged volume.